Caesars Entertainment (CZR) IPO Prices at $9, Middle of Range

February 8, 2012 8:58 AM EST
Caesars Entertainment Corporation (Nasdaq: CZR) priced its initial public offering of 1,811,313 shares of its common stock was priced at $9, the middle of the expected $9-$10 range. Shares are expected to open on the NASDAQ at 10:40AM ET today under the symbol "CZR."

Credit Suisse and Citigroup are acting as joint book-running managers and representatives for the offering, BofA Merrill Lynch and Deutsche Bank Securities are acting as joint book-running managers for the offering and KeyBanc Capital Markets, Lebenthal & Co., LLC, and Ramirez & Co.,Inc. are acting as co-managers for the offering.

Caesars Entertainment Corporation is the world's most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. The company's resorts operate primarily under the Caesars®, Harrah's® and Horseshoe® brand names. Caesars also owns the World Series of Poker® and the London Clubs International family of casinos.

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